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埃培智集团（IPG）与Stagwell Inc（STGW）财务数据对比。点击上方公司名可切换其他公司
埃培智集团的季度营收约是Stagwell Inc的2.6倍（$2.1B vs $807.4M）。埃培智集团净利率更高（5.8% vs 1.6%，领先4.2%）。Stagwell Inc同比增速更快（2.4% vs -4.8%）。Stagwell Inc自由现金流更多（$242.9M vs $153.6M）。过去两年Stagwell Inc的营收复合增速更高（9.8% vs -9.1%）
埃培智集团（IPG）是总部位于美国纽约的广告营销传播集团，旗下拥有FCB、IPG盟博、麦肯世界集团、睿狮集团等五大核心业务网络，以及公关、体育营销、艺人经纪、医疗营销等领域的多家专业独立代理商，被宏盟收购前是与WPP、阳狮、宏盟齐名的全球广告行业“四大集团”之一。
Stagwell Inc是一家全球营销传播集团，由马克·佩恩于2015年创立，前身为Stagwell Group。2020年集团宣布计划与关联企业MDC Partners合并，该合并交易于2021年8月正式完成，目前业务覆盖全球多个市场，为客户提供整合营销、品牌传播等专业服务。
IPG vs STGW — 直观对比
营收规模更大
IPG
是对方的2.6倍
$807.4M
营收增速更快
STGW
高出7.2%
-4.8%
净利率更高
IPG
高出4.2%
1.6%
自由现金流更多
STGW
多$89.3M
$153.6M
两年增速更快
STGW
近两年复合增速
-9.1%
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $807.4M |
| 净利润 | $124.2M | $12.7M |
| 毛利率 | — | 37.6% |
| 营业利润率 | 10.3% | 7.0% |
| 净利率 | 5.8% | 1.6% |
| 营收同比 | -4.8% | 2.4% |
| 净利润同比 | 517.9% | 291.3% |
| 每股收益（稀释后） | $0.34 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收IPGSTGW
| Q4 25 | — | $807.4M | ||
| Q3 25 | $2.1B | $743.0M | ||
| Q2 25 | $2.2B | $706.8M | ||
| Q1 25 | $2.0B | $651.7M | ||
| Q4 24 | $2.4B | $788.7M | ||
| Q3 24 | $2.2B | $711.3M | ||
| Q2 24 | $2.3B | $671.2M | ||
| Q1 24 | $2.2B | $670.1M |
净利润IPGSTGW
| Q4 25 | — | $12.7M | ||
| Q3 25 | $124.2M | $24.6M | ||
| Q2 25 | $162.5M | $-5.3M | ||
| Q1 25 | $-85.4M | $-2.9M | ||
| Q4 24 | $344.5M | $3.2M | ||
| Q3 24 | $20.1M | $3.3M | ||
| Q2 24 | $214.5M | $-3.0M | ||
| Q1 24 | $110.4M | $-1.3M |
毛利率IPGSTGW
| Q4 25 | — | 37.6% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | — | 35.0% | ||
| Q1 25 | -3.2% | 36.8% | ||
| Q4 24 | 10.1% | 36.3% | ||
| Q3 24 | 2.9% | 35.7% | ||
| Q2 24 | 1.2% | 34.6% | ||
| Q1 24 | -1.1% | 33.7% |
营业利润率IPGSTGW
| Q4 25 | — | 7.0% | ||
| Q3 25 | 10.3% | 8.2% | ||
| Q2 25 | 11.2% | 3.3% | ||
| Q1 25 | -2.1% | 2.8% | ||
| Q4 24 | 23.3% | 5.5% | ||
| Q3 24 | 5.9% | 5.9% | ||
| Q2 24 | 13.7% | 3.3% | ||
| Q1 24 | 8.4% | 3.9% |
净利率IPGSTGW
| Q4 25 | — | 1.6% | ||
| Q3 25 | 5.8% | 3.3% | ||
| Q2 25 | 7.5% | -0.7% | ||
| Q1 25 | -4.3% | -0.4% | ||
| Q4 24 | 14.1% | 0.4% | ||
| Q3 24 | 0.9% | 0.5% | ||
| Q2 24 | 9.2% | -0.4% | ||
| Q1 24 | 5.1% | -0.2% |
每股收益（稀释后）IPGSTGW
| Q4 25 | — | — | ||
| Q3 25 | $0.34 | — | ||
| Q2 25 | $0.44 | — | ||
| Q1 25 | $-0.23 | — | ||
| Q4 24 | $0.92 | — | ||
| Q3 24 | $0.05 | — | ||
| Q2 24 | $0.57 | — | ||
| Q1 24 | $0.29 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.5B | $104.5M |
| 总债务越低越好 | — | $1.3B |
| 股东权益账面价值 | $3.7B | $758.4M |
| 总资产 | $17.0B | $4.2B |
| 负债/权益比越低杠杆越低 | — | 1.75× |
8季度趋势，按日历期对齐
现金及短期投资IPGSTGW
| Q4 25 | — | $104.5M | ||
| Q3 25 | $1.5B | $132.2M | ||
| Q2 25 | $1.6B | $181.3M | ||
| Q1 25 | $1.9B | $137.7M | ||
| Q4 24 | $2.2B | $131.3M | ||
| Q3 24 | $1.5B | $145.8M | ||
| Q2 24 | $1.5B | $136.1M | ||
| Q1 24 | $1.9B | $129.8M |
总债务IPGSTGW
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.3B |
股东权益IPGSTGW
| Q4 25 | — | $758.4M | ||
| Q3 25 | $3.7B | $749.0M | ||
| Q2 25 | $3.7B | $750.1M | ||
| Q1 25 | $3.6B | $334.4M | ||
| Q4 24 | $3.8B | $331.7M | ||
| Q3 24 | $3.7B | $286.4M | ||
| Q2 24 | $3.8B | $291.6M | ||
| Q1 24 | $3.8B | $337.7M |
总资产IPGSTGW
| Q4 25 | — | $4.2B | ||
| Q3 25 | $17.0B | $4.3B | ||
| Q2 25 | $17.0B | $4.3B | ||
| Q1 25 | $17.1B | $4.0B | ||
| Q4 24 | $18.3B | $3.9B | ||
| Q3 24 | $17.1B | $3.8B | ||
| Q2 24 | $17.0B | $3.8B | ||
| Q1 24 | $17.3B | $3.8B |
负债/权益比IPGSTGW
| Q4 25 | — | 1.75× | ||
| Q3 25 | — | 2.04× | ||
| Q2 25 | — | 1.95× | ||
| Q1 25 | — | 4.38× | ||
| Q4 24 | — | 4.08× | ||
| Q3 24 | — | 5.11× | ||
| Q2 24 | — | 4.88× | ||
| Q1 24 | — | 3.76× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $180.1M | $260.3M |
| 自由现金流经营现金流 - 资本支出 | $153.6M | $242.9M |
| 自由现金流率自由现金流/营收 | 7.2% | 30.1% |
| 资本支出强度资本支出/营收 | 1.2% | 2.2% |
| 现金转化率经营现金流/净利润 | 1.45× | 20.56× |
| 过去12个月自由现金流最近4个季度 | $806.8M | $247.3M |
8季度趋势，按日历期对齐
经营现金流IPGSTGW
| Q4 25 | — | $260.3M | ||
| Q3 25 | $180.1M | $-24.0M | ||
| Q2 25 | $-96.0M | $114.8M | ||
| Q1 25 | $-37.0M | $-60.0M | ||
| Q4 24 | $868.1M | $212.1M | ||
| Q3 24 | $223.8M | $-1.6M | ||
| Q2 24 | $120.7M | $-14.5M | ||
| Q1 24 | $-157.4M | $-53.1M |
自由现金流IPGSTGW
| Q4 25 | — | $242.9M | ||
| Q3 25 | $153.6M | $-38.8M | ||
| Q2 25 | $-121.8M | $107.1M | ||
| Q1 25 | $-58.5M | $-63.9M | ||
| Q4 24 | $833.5M | $209.9M | ||
| Q3 24 | $186.5M | $-4.3M | ||
| Q2 24 | $85.9M | $-23.0M | ||
| Q1 24 | $-192.5M | $-58.6M |
自由现金流率IPGSTGW
| Q4 25 | — | 30.1% | ||
| Q3 25 | 7.2% | -5.2% | ||
| Q2 25 | -5.6% | 15.1% | ||
| Q1 25 | -2.9% | -9.8% | ||
| Q4 24 | 34.2% | 26.6% | ||
| Q3 24 | 8.3% | -0.6% | ||
| Q2 24 | 3.7% | -3.4% | ||
| Q1 24 | -8.8% | -8.7% |
资本支出强度IPGSTGW
| Q4 25 | — | 2.2% | ||
| Q3 25 | 1.2% | 2.0% | ||
| Q2 25 | 1.2% | 1.1% | ||
| Q1 25 | 1.1% | 0.6% | ||
| Q4 24 | 1.4% | 0.3% | ||
| Q3 24 | 1.7% | 0.4% | ||
| Q2 24 | 1.5% | 1.3% | ||
| Q1 24 | 1.6% | 0.8% |
现金转化率IPGSTGW
| Q4 25 | — | 20.56× | ||
| Q3 25 | 1.45× | -0.98× | ||
| Q2 25 | -0.59× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.52× | 65.56× | ||
| Q3 24 | 11.13× | -0.49× | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | -1.43× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
IPG
| MDE | $619.0M | 29% |
| IAC | $574.9M | 27% |
| Other | $527.9M | 25% |
| SCE | $413.8M | 19% |
STGW
暂无分部数据
